PIMCO Corporate & Income Opportunity Fund (NYSE:PTY - Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.35 and traded as low as $13.54. PIMCO Corporate & Income Opportunity Fund shares last traded at $13.72, with a volume of 684,803 shares changing hands.
PIMCO Corporate & Income Opportunity Fund Trading Up 0.5 %
The stock has a fifty day moving average of $13.92 and a 200 day moving average of $14.35.
PIMCO Corporate & Income Opportunity Fund Announces Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 11th were issued a $0.1188 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend was Friday, April 11th.
Institutional Trading of PIMCO Corporate & Income Opportunity Fund
Hedge funds have recently added to or reduced their stakes in the stock. Institute for Wealth Management LLC. raised its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 16.2% in the 4th quarter. Institute for Wealth Management LLC. now owns 12,870 shares of the investment management company's stock worth $185,000 after purchasing an additional 1,795 shares during the period. Dynamic Advisor Solutions LLC grew its stake in shares of PIMCO Corporate & Income Opportunity Fund by 8.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 226,862 shares of the investment management company's stock worth $3,260,000 after acquiring an additional 17,105 shares during the period. Accel Wealth Management increased its holdings in PIMCO Corporate & Income Opportunity Fund by 8.1% in the 4th quarter. Accel Wealth Management now owns 396,452 shares of the investment management company's stock worth $5,697,000 after acquiring an additional 29,648 shares during the last quarter. Red Door Wealth Management LLC bought a new stake in PIMCO Corporate & Income Opportunity Fund in the 4th quarter valued at about $575,000. Finally, Diversify Wealth Management LLC purchased a new stake in PIMCO Corporate & Income Opportunity Fund during the fourth quarter valued at about $397,000. Institutional investors own 10.25% of the company's stock.
About PIMCO Corporate & Income Opportunity Fund
(
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PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.
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